Social Sharing

Kinder Morgan hires TD to sell Canadian business, say sources

Kinder Morgan Inc. has hired investment bank TD Securities to facilitate a potential sale of its Canadian business, which could fetch the U.S. pipeline operator as much as $2.4 billion, people familiar with the situation told Reuters this week.

Social Sharing

Kinder Morgan Inc. is reported to have hired investment bank TD Securities to facilitate a potential sale of its Calgary-based Canadian business about two weeks after Kinder Morgan closed its sale of the Trans Mountain pipeline to the Canadian government for about C$4.5 billion. (Dennis Owen/Reuters)

Kinder Morgan Inc. has hired investment bank TD Securities to facilitate a potential sale of its Calgary-based Canadian business, which could fetch the U.S. pipeline operator as much as $2.4 billion, people familiar with the situation told Reuters this week.

The move comes about two weeks after Kinder Morgan closed its sale of the Trans Mountain pipeline to the Canadian government for about C$4.5 billion.

At a conference earlier this month, Kinder Morgan Chief Executive Steven Kean indicated his willingness to sell the rest of the Canadian business.